FTX Token hits new record up 50% so far in September — What’s driving FTT price higher?
Cointelegraph
Published Sep 06, 2021 08:24AM ET
Updated Sep 06, 2021 10:00AM ET
FTX crypto exchange’s native utility token, FTT, reached a new record high on Monday a week after it agreed to acquire LedgerX, a United States-based crypto derivative platform, for an undisclosed sum.
On Monday, the FTT/USD exchange rate surged 16.37% to $73.99 in a market-wide rally that saw other top coins post similar but dwarfed price rallies. Additionally, the pair’s intraday climb coincided with gains among top exchange tokens, with Binance Coin (BNB) rising 2.3% and Uniswap’s UNI recording 3.5% profits on a 24-hour adjusted timeframe.
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Written By: Cointelegraph
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